Reckenridge Material Company's Parent Completes Aggregate Acquisition
ST. LOUIS, MO BMC Enterprises, Inc., the parent of St. Louis, Missouri, -based Breckenridge Material Company, completes the acquisition of Lincoln County Sand & Gravel.
The acquired assets will immediately increase BMC Enterprises aggregate production and will strategically provide long-term access to a significant natural glacial sand and gravel deposit. The new company will operate as BMC Sand, LLC.
The acquisition is consistent with BMC's long-term sustainable growth strategy within the construction materials industry.
"Once again we are pleased to be able expand the portfolio of our aggregate holdings," said Nathan McKean, CEO and Owner of BMC Enterprises, Inc. "We are excited about the immediately accretive effect, as well as more importantly, the long term strategic value that this acquisition will have for our downstream ready-mix and asphalt production facilities."
Earlier this year BMC Enterprises, Inc. launched BMC Asphalt, LLC, as a way to continue diversifying its construction material offerings in the St. Louis metropolitan area.